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162 Division Street Kingston, Ontario K7L 3M6

$2,150,000

Development opportunity in the absolute heart of the Queen’s student living and commercial hub. Plans are in place for a mixed commercial and residential development consisting of a 3rd storey addition Once finished, the final project (recently appraised at 4.4 million) is mapped out for 8 residential units (six one bedroom units and two two-bedroom units) as well as a common amenity space, parking for nine cars and sheltered bicycle parking for 10. The ground floor will accommodate amenity space at the rear and approximately 1560 square feet of premier retail space fronting on Division Street in the heart of the student commercial district in one of the few remaining underdeveloped marquee corners in the city of Kingston. Current status of the development: The building has been abated, gutted, and planned. Financing is in place for purchase for the right buyer/developer. This is not a turnkey asset, but a turn key development project waiting for an organization looking to unlock tremendous value and add a crown jewel in one of the best locations in the city for downtown commerce and Queen’s student living. (id:48714)

Property Details

MLS® Number 40517777
Property Type Office
Community Features High Traffic Area

Building

Basement Type Partial
Stories Total 2
Size Exterior 3866.0000
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 142 Ft
Size Frontage 42 Ft
Size Total Text Under 1/2 Acre
Zoning Description Ca

https://www.realtor.ca/real-estate/26317461/162-division-street-kingston

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